How many subsidiaries does CLEANSPARK, INC. file with the SEC?

50, listed in its most recent exhibit 21. They are incorporated across 8 jurisdictions, led by Georgia, Mississippi, Nevada. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is CLEANSPARK, INC. financially healthy?

CLEANSPARK, INC. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of CLEANSPARK, INC.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

CLEANSPARK, INC. (CLSK)

Nasdaq, Nasdaq · Finance Services

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

50 entities across 8 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2025-11-25 — see the exhibit.

Which other public companies file entities in the same places:

Delaware15 Tennessee12 Georgia11 Mississippi5 Wyoming2 South Dakota2 Texas2 Nevada1

Subsidiaries of CLEANSPARK, INC. as disclosed in its SEC filing
Entity	Jurisdiction	Note
ATL Data Centers LLC	Georgia
CleanBlok, Inc.	Georgia
CleanSpark DW, LLC	Georgia
CleanSpark GLP, LLC	Georgia
CSRE Properties, LLC	Georgia
CSRE Properties Norcross, LLC	Georgia
CSRE Properties Washington, LLC	Georgia
CSRE Properties Sandersville, LLC	Georgia
CSRE Properties Dalton, LLC	Georgia
CSRE Property Management Company, LLC	Georgia
CleanSpark GA, LLC

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

PASSReturn on assets positiveROA 11.4%
FAILOperating cash flow positiveOCF -461M
PASSReturn on assets improving-7.4% → 11.4%
FAILCash flow exceeds earningsOCF -461M vs NI 364M
FAILLong-term debt ratio falling0.4% → 20.2% of assets
PASSCurrent ratio improving3.75 → 4.18
FAILNo share dilution217M → 318M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.19× → 0.24×

Altman Z-score

2.50grey

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$10.0M	−$23.3M	−$6.7M	21.1%	—
FY2021	$49.4M	−$21.8M	−$174.7M	—	29,441,364
FY2022	$131.5M	−$57.3M	$52.2M	—	42,614,197
FY2023	$168.4M	−$136.6M	−$91.9M	—	102,707,509
FY2024	$379.0M	−$145.8M	−$299.8M	—	216,860,819
FY2025

Ownership flow

11 institutions tracked — 7 added, 4 reduced, 1 sold out. Index money added 715,381 shares while active managers cut 2,385,403.

Institutional holders of CLEANSPARK, INC. and their share-count change
Manager	Kind	Shares	Change	Value
MORGAN STANLEY	Active fund	3,061,702	−3,697,802	$44.5M
Point72 Asset Management, L.P.	Hedge fund	6,766,119	+3,542,243	$98.4M
CITADEL ADVISORS LLC	Hedge fund	5,777,678	−2,040,209	$84.1M
BANK OF AMERICA CORP /DE/	Active fund	834,107

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2025Q4: $460.0M
2024Q4: $145.0M
2023Q4: $0

Identity

CIK: 0000827876
LEI: 254900VO7KBRJQDGY810
SIC: 6199 · Finance Services
Incorporated: NV
Headquarters: HENDERSON, NV

Ownership

Institutional: 100.9%
Institutions: 554
Insiders: 4.0%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other finance services companies

CLEANSPARK, INC. files under SIC 6199 — all 20 finance services companies compared on assets and F-score.

AMERICAN EXPRESS COAXP Circle Internet Group, Inc.CRCL Strategy IncMSTR Coinbase Global, Inc.COIN MARA Holdings, Inc.MARA Burford Capital LtdBUR

Questions about CLEANSPARK, INC.

How many subsidiaries does CLEANSPARK, INC. file with the SEC?: 50, listed in its most recent exhibit 21. They are incorporated across 8 jurisdictions, led by Georgia, Mississippi, Nevada. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is CLEANSPARK, INC. financially healthy?: CLEANSPARK, INC. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of CLEANSPARK, INC.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.